New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-07-18
does not altogether defeat these efforts at 70
MONEY! AND BUSINESS.

MONEY AND BUSINESS.
At ons time last week tha average price
Of stocks was lower than at any other tiiRc
! ihis year, considering the large sum "h'ch
has been .aid in assessments. January 10
the average was 500 O3, against 500 oa AZ
,h, lowest July Ia. Alter tho depression
on Wednesday and early on i nursus ~ !.
was recovery of 81 "a per share BEFORE .ho
close on Saturday, every active STOCK snarins
10 some extent Reports OF the bu1'no'o
and Ohio deal, favorable and un1avo'"D'e;
were the obvious forces in Depression ana
recovery. spectators having concluded thao
NO sustained advance could be expected until
tbat matter had been settled. Railroad earn
;rc. continued good, though the gam wa
relatively les in june than IN previous
months: it was 13 per cent in June, but only
G1-2 per cent per mile operated FOR inc
half year roads having 81, 1876 miles IN oper-
alton averaged S2,73o per mile' against
g.. ATS per mile operated in 1856, gain Oh
1913 per cent. Considering that this gam
was in spite of the diminished cotton move
mont a large decrease in movement OF i've
gain in wheat. the inference is that the raii-
roads are charging more Tor the same sef''ce
than in 1856.
Cotton was weak, with failures Of import
ont f,ms at New-Oreans and Galveston.
decline cf 81 cents per 100 pounds mas u
cxpIain il no fact not known more IMAM
week ago. With 100000 bales at ports ana
interior towns, spinners here and aofo""
largely supplied and prospect oil the iafses'
c,op ever grown, the attempt to hold COTTON
! no per cent above last years price was not
| nromisinp. But neither has the pork specula-
| tion visible warrant for an advance OF ID
nor cent since last year, with corn per cent
lower though reported injury from droutn
in Illinois may prove important. nc shie"u
men who bought wheat at the collapse nave
now been dropping it, and the pnce Is
shade lower than at any other time "i'h'n
| the past year. 1t was S74 cents year
ago. but fell to S2ls in October ana 'his
wear was held above 90 cents until the collapse
in June. Coffee is again hoisted one cent
and sugar is shade stronger with OIL weaker
and coal unchanged as yet.
The large iron product for the nall year
gives peculiar interest to the accounts OF tho
str;lsc in the coke regions, for the termination
| ~ that .trngple. which is once more sntici-
mated would probably add $4,000 to 3o.ooo
tons 10 the weekly output. published state
ment that charcoal iron is getting scarce
and the output cannot be increased ior
| xearp should be contrasted with the TACT tha'
| charcoal furnaces now In existence ou' a.
nrcscnt out Of blast have capacity exceed
ing all the charcoal furnaces In blast zen
orally IL NAV be well to remember that inc
unprccedcnted production during the hrs'
half Of 1887 was, after all, less than TWO
thirds of the capacity Of furnaces In existence
at the beginning of tho year. whhe oa'o, ,
under contract to be finished this year wouio
add about 10000 tons weekly to the proeuc-
ton But iron and rails remain iro"'
In IN IL DER cent higher than year ago.
! with markets expecting an advance.
Du,rcss in the market for woollen goods.
and Treasury rulings which admit great guam
titles of foreign wool, waste, wool tops anu
xorsted and dress goods account for unusually
small Gales of wool in the principal markets.
oroducers being more firm than usual In ASK
ING higher prices. Manufacturers caicu'ase
tbat foreign supplies will not permit any ~i-
yance in raw wool here. and do not care 70
nurchase beyond immediate necessities un.''
they acc more satisfactory market Tor goous'
Other branches Of textile manufacture are pro-
pressing fairly, though strike has begun In
| Fall River mill.
A strange Disappearance oil goo mus' DC
noticed. Only $I,1Oo0oo has arrived oarns
the mast three weeks, though it was positively
rcportcd July l that s.. 100000 was on the
sca The Treasury took out of the nia'he,
81 400 900 last week in different kinds OIL
r,onev INIT the banks are receiving CONSIDER
olJc amounts from the interior, and gam u
,rscrve Merchandise imports continue hea'y,
80, two weeks Of July exceeding those u
l.,st year by 1875 per cent, and exports we.e
also large for the second week Oh J1y, i'. ~ :
no tI, increase for the first hall Oh inc
m,nth about 2 per cent. IL begins W "
rcalizcl that tho question this fail Is not so
..,ch vbether there will be plenty oil money
in the country, but whether Western 1 oenlanSs
will leave plenty at New-io'h. Do"'A'N'.
connected with real estate purchases, nc"
buildings new factories and mnes and nc"
railroads. will be added this year 10 require
mcnts for crop moving. The West mas ~
hand more money than usual, hut wne'nef
enough to meet all needs is q question: